earnings

I too am a little frustrated with my Bly investment.

Hear is the thing.

Shorts and automated trading are only an issue if they push a company into a covenant breach.

If this is not the case, they are part of the market voting process that results in price discovery.

Let me assure you that the risk associated with a short is much greater than a long. Shares can only fall by their mkt value, but they can rise in multiples against a short.

I think that we are overshot, but the undeniable evidence is in the earnings and we will soon know what they are and managements view on what the future holds.

Sooner the better with technicals against us.

The other impact here is NAB being long when they should have been short. They are technical trading and the technicals say sell, and they may be trading into the good days. Nab out is a buy signal or at least a signal that it may find a floor.

Come on earnings.